As the most populous Muslim - majority country in the world, Indonesia would seem an obvious target for investment in Islamic finance. However, in a country of 255 million people only 36% of the population have a bank account.

Circular 17 further describes the details on payments in foreign exchange agreed to by the parties under a written agreement for strategic infrastructure projects which are exempted from the obligation to use Rupiah.

In an attempt to assist the stabilization of the Indonesian currency, Bank Indonesia (BI) changed the limit of the maximum value of foreign currency (US$) purchased through a spot transaction which is done without a specific purpose...

Business Activities and Office Network Based on the Bank's Core Capital was previously regulated under Bank Indonesia Regulation No. 14/26/PBI/2012 on Business Activities and Office Network Based on the Bank's Core Capital.